9969 Allentown Blvd FtFort Indiantown Gap, PA 17028

Property Details for 9969 Allentown Blvd Ft

Year built

1950

Lot size

1.57 AC

Property size (Sq ft)

4,000 SF

Property type

Hospitality properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity encompasses a 4,000 square foot hospitality complex situated on a 1.57-acre lot in Grantville, Pennsylvania, at 9969 Allentown Blvd (APN: 25-011-027 & (001)). Currently operating as an eight-unit extended-stay motel with two additional income-generating mobile homes, this property presents significant upside potential. The property boasts three buildings, all single-story, built in 1950, and features ten units in total. The asking price is $599,000, representing a price per square foot of $149.75 and a pro-forma cap rate of 11.40%, with a current NOI of $69,652.25. The Commercial Highway zoning allows for hotels, restaurants, and vehicle-related businesses. Its strategic location, just one mile from the Hollywood Casino and Racetrack, provides unparalleled access to a large workforce and significant tourism traffic. The substantial surplus land offers considerable potential for expansion or redevelopment, further enhancing the property's value. This property is a rare combination of immediate income generation and significant future development potential, making it an attractive investment for discerning buyers.

Location Insight

City

Fort Indiantown Gap

County

Dauphin

State

Pennsylvania

Latitude

40.3734

Longitude

-76.6474

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